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4-Traders Homepage  >  Equities  >  Nasdaq  >  GoPro Inc    GPRO

GOPRO INC (GPRO)
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GoPro: Higher Guidance

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09/12/2017 | 01:49pm CEST
GoPro (NASDAQ: GPRO) roared ahead over 10% last week after the company issued a surprisingly bullish outlook. The stock is still well-below the yearly high of $17.68. Fundamentally, it still loses money but GoPro could be a turnaround play for investors.
 
GoPro issued a third-quarter forecast, saying it expects revenue as high as $310 million. This is $6 million above the average consensus estimate. Gross margin will also be in the high end of the range. If investors hold the stock instead of taking profits, then GoPro could still offer more upside.
 
Fundamentals are unfavorable: GoPro does not have good sales for the Fusion camera. Retailers are giving the brand less store space. That could pose a challenge for GoPro in meeting its new forecast.
 
Short-selling is crowded for the stock at a short float of 34%. At least JPMorgan (NYSE: JPM) is on GoPro’s side. The analyst, Paul Coster, thinks the company could lose just $0.02 a share in FY2017, $0.57 a share in FY2018, and an optimistic $0.94 a share in FY2019.
 
Takeaway
 
Bearish volume is unusually high for GoPro. Any small earnings and revenue beat will squeeze shorts. GoPro does not have a high bar to cross.

Copyright © 2017 Baystreet.ca Media Corp. All rights reserved., source Standard Equities Feed

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Financials ($)
Sales 2018 1 128 M
EBIT 2018 -39,1 M
Net income 2018 -112 M
Finance 2018 49,1 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,79x
EV / Sales 2019 0,79x
Capitalization 935 M
Chart GOPRO INC
Duration : Period :
GoPro Inc Technical Analysis Chart | GPRO | US38268T1034 | 4-Traders
Technical analysis trends GOPRO INC
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 5,54 $
Spread / Average Target -12%
EPS Revisions
Managers
NameTitle
Nicholas Woodman Chairman & Chief Executive Officer
Brian McGee CFO, Principal Accounting Officer & Executive VP
Sandor Barna Chief Technology Officer & Senior Vice President
Kenneth A. Goldman Lead Independent Director
Peter C. Gotcher Independent Director
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